Calix Ltd. · ASX:CXL
Calix — H1 FY2019 Earnings Presentation
24 slides from Calix's earnings presentation, Mar 4, 2019
Slide 1: Half Year Results Presentation
For personal use only HALF YEAR RESULTS PRESENTATION CREATING NEW MATERIALS AND SOLVING GLOBAL CHALLENGES, COMMERCIALISING A UNIQUE TECHNOLOGY PLATFORM
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). NOT AN OFFER For personal use only SUMMARY INFORMATION This presentation is not and should not be considered an offer or an invitation to acquire Calix securities or any other This
Slide 3: Introducing Calix
INTRODUCING CALIX Calix is a leading Australian technology company that is developing new processes and materials to solve global challenges For personal use only via its core technology, a world-first, patented kiln in Bacchus March, Victoria that produces very highly active ‘mineral honeycomb’ tha
Slide 4: Value Chain
VALUE CHAIN Calix is vertically integrated, owning the input and proprietary technology that manufacturers multiple industrial products For personal use only Calix MgCO3 “CFC” Calcination Satellite Hydration, & CO2 Separation (close to customer) Mine, Australia TITLE JORC proven and probable Current
Slide 5: H1 FY2019 Financial Results
H1 FY2019 FINANCIAL RESULTS $1.56m For personal use only Financial Information H1 FY18 H1 FY19 Mvt % Increase in EBITDA to $1.28m (H1 FY18 -$0.29m) Amounts in AU$’000 unless otherwise stated EBITDA (statutory) -272 1,289 +$1,561m +81.8% in total revenue to $8.07m (H1 FY18 $4.44m) Core product revenu
Slide 6: H1 FY19 Financial Results
H1 FY19 FINANCIAL RESULTS For personal use only Total Revenue (A$m) R&D, Grants and other income (A$m) 8.07 LEILAC Project income R&D incentives Grants Other 6.57 4.44 1.86 2.70 0.6 3.74 2 0.59 H1 FY18 H1FY19 H1 FY18 H1FY19 Operating Expenses (A$m) EBITDA (A$m) Sales and Marketing R&D Admin 1.29 5.6
Slide 7: LEILAC - A Solution for One of the World's Most Significant Issues
For personal use only LEILAC - A SOLUTION FOR ONE OF THE WORLD’S MOST SIGNICANT ISSUES
Slide 8: CO2 reduction is one of the most significant global issues today
CO2 reduction is one of the most significant global issues today and estimated to be a A$10.8 billion market1 for Cement and Lime alone For personal use only Global drive to reduce greenhouse gas emissions is sparking intense interest in the negative CO2 market. For every tonne of lime or cement pro
Slide 9: For personal use only
Among For personal use only materials, only coal, oil and gas are a greater source of greenhouse gases. “Concrete is tipping us into climate catastrophe. It's payback time” – The Guardian “Concrete: the most destructive material on Earth” – The Guardian
Slide 10: Calix's LEILAC Project in Europe
Calix’s LEILAC (Low Emissions Intensity Lime and Cement) Project in Europe is aiming to prove a solution to a global problem For personal use only LEILAC Overview • Calix leading the LEILAC consortium to demonstrate direct separation of CO2 for lime and cement • Awarded €12m in funding from the EU,
Slide 11: For personal use only
For personal use only Instrumentation and control systems being installed in the new control room – January 2019 The LEILAC tower with the new control room in the foreground – January 2019.
Slide 12: For personal use only
For personal use only
Slide 13: BOOSTER-Mag
BOOSTER-Mag An emerging sustainable crop protection product in a A$9.8 billion market1 For personal use only THE INDUSTRY IS RECOGNISING THE NEED FOR INNOVATION AND CALIX HAS PARTNERED WITH LEADING MULTI-NATIONAL CROP PROTECTION COMPANIES Increased Agricultural Increasing Chemical Pesticide Investme
Slide 14: BOOSTER-Mag Commercial Strategy
BOOSTER-Mag Commercial strategy accelerating with world’s largest crop protection companies currently trialling For personal use only -50% 1/5 BOOSTER-Mag Non-toxic, fertiliser 1/5th the average Calix has launched global improved yields at PLUS crop protection price point of existing partnership lic
Slide 15: ACTI-Mag
ACTI-MAG Sewer odour and fat control, increased biogas production • Worsening odour: Waste water “Rotten Egg For personal use only Gas” problem worsening with diet changes • Toxic chemicals: acidic iron salts and tightening EPA standards and caustic soda – dangerous PROBLEM • Fat build-up: More freq
Slide 16: AQUA-Cal+
AQUA-Cal+ An emerging aquaculture water treatment product For personal use only • Rapid Growth: Aquaculture is growing • Growth of antibiotics: but this rapidly. More fish are now grown than leads to faster evolution of caught. Rapid depletion of coastal habitats PROBLEM • Increased disease outbreak
Slide 17: PROTECTA-MAG
PROTECTA-MAG Cost-effective, safe sewer asset protection For personal use only • Accelerating Corrosion: H2S corrosion of aging, global sewer infrastructure due to increasing • Epoxy / Plastic Lining: Expensive, and PROBLEM bio-activity Market Response temperamental A$ 25b(1) • Accelerating Collapse
Slide 18: Advanced Batteries
ADVANCED BATTERIES The BATMn and SOCRATCES Projects For personal use only • Slow-charging of energy storage devices (batteries) for EV’s, electronics etc • PROBLEM • Relative high cost of battery materials Market Response Search for cheap, efficient, high performance, highly recyclable A$ 10.7 b bat
Slide 19: Research & Development
RESEARCH & DEVELOPMENT Additional applications continue to be added to pre-commercial product opportunities in major industries … For personal use only • Huge potential market in pharmaceutical and health applications – collaboration has commenced with CERTH in Greece. Secured funding from the Austr
Slide 20: Corporate Overview
CORPORATE OVERVIEW SHARE PRICE PERFORMANCE SINCE LISTING For personal use only Company Snapshot As at 22 Feb 2019 Shares on issue ~122.9m 8 $1.00 7 $0.90 Share price $0.825 per share $0.80 6 $0.70 Volume (m) Fully Diluted Market 5 $0.60 ~$101m capitalisation 4 $0.50 Cash $8.65m 3 $0.40 $0.30 2 Enter
Slide 21: Summary
SUMMARY For personal use only Improving Penetrating large Proven technology Highly scalable operations profitability global markets platform Significant R&D funding to Highly experienced Strong institutional backing Diversified product range finance growth management 21
Slide 22: For personal use only
For personal use only Phil Hodgson Darren Charles Simon Hinsley Managing Director and CEO Company Secretary and CFO Investor Relations phodgson@calix.com.au dcharles@calix.com.au simon@nwrcommunications.com.au +61 2 8199 7400 +61 2 8199 7400 +61 401 809 653 www.calix.com.au
Slide 23: CFC Technology
CFC TECHNOLOGY For personal use only Commercial | Pre - Commercial | R&D 3D Proprietary Product: Printing Health / “Mineral Honeycomb” Crop Pharma protection 20 nm(o) Corrosion Advanced Advanced protection Batteries Catalysts Hydrogen Building Aquaculture Each “pore” or channel is Production with Pr
Slide 24: Product Portfolio Leveraged to Large and Growing Markets
PRODUCT PORTFOLIO LEVERAGED TO LARGE AND GROWING MARKETS ALREADY DELIVERING COMMERCIAL OUTCOMES For personal use only Commercial Products Commercialising Products Development Pipeline • ACTI-Mag: Wastewater treatment • AQUA-Cal+: Aquaculture water • 2 pilot projects - Advanced Batteries • PROTECTA-M